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Digitalization: Prices of Goods and Services

Author

Listed:
  • Vivian Chu
  • Tatjana Dahlhaus
  • Christopher Hajzler

Abstract

This paper outlines and assesses the various channels through which digitalization can affect prices of goods and services.

Suggested Citation

  • Vivian Chu & Tatjana Dahlhaus & Christopher Hajzler, 2023. "Digitalization: Prices of Goods and Services," Discussion Papers 2023-27, Bank of Canada.
    • Handle: RePEc:bca:bocadp:23-27
    as

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    References listed on IDEAS

    as
    1. Alberto Cavallo, 2017. "Are Online and Offline Prices Similar? Evidence from Large Multi-channel Retailers," American Economic Review, American Economic Association, vol. 107(1), pages 283-303, January.
    2. Austan D. Goolsbee & Peter J. Klenow, 2018. "Internet Rising, Prices Falling: Measuring Inflation in a World of E-Commerce," AEA Papers and Proceedings, American Economic Association, vol. 108, pages 488-492, May.
    3. J. Yannis Bakos, 1997. "Reducing Buyer Search Costs: Implications for Electronic Marketplaces," Management Science, INFORMS, vol. 43(12), pages 1676-1692, December.
    4. Guyllaume Faucher & Stephanie Houle, 2023. "Digitalization: Definition and Measurement," Discussion Papers 2023-20, Bank of Canada.
    5. Alberto Cavallo, 2018. "More Amazon Effects: Online Competition and Pricing Behaviors," NBER Working Papers 25138, National Bureau of Economic Research, Inc.
    6. Karyne B. Charbonneau & Alexa Evans & Subrata Sarker & Lena Suchanek, 2017. "Digitalization and Inflation: A Review of the Literature," Staff Analytical Notes 17-20, Bank of Canada.
    7. Hillen, Judith & Fedoseeva, Svetlana, 2021. "E-commerce and the end of price rigidity?," Journal of Business Research, Elsevier, vol. 125(C), pages 63-73.
    8. Shota Ichihashi, 2020. "Online Privacy and Information Disclosure by Consumers," American Economic Review, American Economic Association, vol. 110(2), pages 569-595, February.
    9. Emi Nakamura & Jón Steinsson, 2008. "Five Facts about Prices: A Reevaluation of Menu Cost Models," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 123(4), pages 1415-1464.
    10. Austan D. Goolsbee & Peter J. Klenow, 2018. "Internet Rising, Prices Falling: Measuring Inflation in a World of E-Commerce," NBER Working Papers 24649, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Digitalization; Inflation and prices; Market structure and pricing; Monetary policy;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • D2 - Microeconomics - - Production and Organizations
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

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